Private Equity

Blackstone: $11.5 Billion Acquisition Of TXNM Energy

By Amit Chowdhry ● May 24, 2025

TXNM Energy announced an agreement under which Blackstone Infrastructure will acquire TXNM Energy for $61.25 per share in cash upon closing, reflecting a total enterprise value of $11.5 billion, including net debt (excluding securitization debt) and preferred stock.

Eagle Merchant Partners: Fund II Closed At $415 Million

By Amit Chowdhry ● May 24, 2025

Atlanta-based private equity firm Eagle Merchant Partners announced it closed its second fund, Eagle Merchant Partners Fund II, with $415 million in capital commitments.

PE Firm Mauloa Launches SMB Accelerator With $10+ Million Prize

By Amit Chowdhry ● May 22, 2025

Maryland-based private equity firm Mauloa announced it has introduced a first-of-its-kind accelerator program for middle market companies, where the winning company receives an investment offer of at least $10 million.

Kayne Anderson: $2.25 Billion Final Close On Energy Private Equity Fund

By Amit Chowdhry ● May 19, 2025

Kayne Anderson - which is a leading alternative investment manager - announced the final closing of Kayne Private Energy Income Fund III, L.P. (KPEIF III), with $2.25 billion in total capital commitments – significantly exceeding its $1.5 billion target.

Vistra Buying Natural Gas Assets In $1.9 Billion Deal

By Amit Chowdhry ● May 19, 2025

Vistra announced that it has executed a definitive agreement to acquire seven modern natural gas generation facilities, totaling approximately 2,600 MW of capacity, from Lotus Infrastructure Partners, as part of $1.9 billion deal.

PX3 Partners: Fund I Closed At Hard Cap Of €500 Million

By Amit Chowdhry ● May 18, 2025

PX3 Partners, a London-headquartered private equity firm, announced that it has held a final close of its inaugural PX3 Partners Fund I at its hard cap of €500 million. The successful conclusion of the fundraising brings PX3 Partners' total assets under management to €1.1 billion.

JMG Group: Investment Raised From GTCR

By Amit Chowdhry ● May 18, 2025

Private equity firm GTCR announced that it has signed a definitive agreement to buy leading UK insurance broker JMG Group in partnership with existing investor Synova LLP, a leading European mid-market investor. GTCR and Synova will collaborate to support JMG's strong management team, led by CEO Nick Houghton, which will continue to operate the business and retain substantial equity ownership.

Farmley: $42 Million Series C Raised For Healthy Snacking Brand

By Amit Chowdhry ● May 18, 2025

Farmley, a rapidly growing healthy snacking brand in India, announced that it has completed a $42 million Series C fundraise led by L Catterton. And existing shareholders such as DSG Consumer Partners also participated in the fundraise.

Fortress Investment Group Sets Up Abu Dhabi Office

By Amit Chowdhry ● May 18, 2025

Leading global investment manager Fortress Investment Group announced the opening of a new office in the Abu Dhabi Global Market (ADGM), and permission to undertake regulated activities through receipt of its Financial Services Permission from the ADGM Financial Services Regulatory Authority, marking a significant milestone in the firm’s global expansion.

Entrata: Multifamily Community OS Company Raises $200 Million At $4.3 Billion Valuation From Blackstone

By Amit Chowdhry ● May 17, 2025

Entrata, an operating system for multifamily communities, announced a $200 million minority investment from funds managed by Blackstone at a $4.3 billion valuation. This funding round comes as the company moves forward on its next chapter of growth, serving the rental housing industry through innovative technology that streamlines operations for property managers and elevates the living experience for millions of residents.

Renown Capital Partners: $250 Million In Anchor Capital Closed

By Amit Chowdhry ● May 15, 2025

Renown Capital Partners—an investment firm focused on growth-stage technology companies helping to secure an efficient, affordable, and reliable energy system—announced it has formally launched. Renown is a spinout of Moore Capital Management, which has provided $200 million of anchor capital. The Daily Mail and General Trust (DMGT) has committed an additional $50 million of anchor capital.

Polar Asset Management Partners Buying Castlefield Associates

By Amit Chowdhry ● May 15, 2025

Polar Asset Management Partners (a leading multi-strategy hedge fund manager based in Toronto) announced that it acquired Castlefield Associates. Castlefield is a relative value systematic futures hedge fund manager founded in 2019 by Chris Schindler and partners.

RM Capital Partners: Acquisition Of ISO Solar Completed

By Amit Chowdhry ● May 14, 2025

RM Capital Partners - a strategically positioned private equity firm focused on enabling market leaders across the infrastructure services industry - announced it has completed the acquisition of Integrated Solar Operations d/b/a ISO Solar, a leading provider of turnkey solar energy systems to residential, commercial, and government customers across Puerto Rico.

Mainsail Partners: $1.535 Billion Fund VII Closed

By Amit Chowdhry ● May 14, 2025

Mainsail Partners, a growth equity firm investing in bootstrapped B2B software companies to help them grow into market leaders, announced the closing of its seventh flagship fund Mainsail Partners VII at the hard cap of $1.535 billion in limited partner capital commitments, which is the largest in the firm's 22-year history. And support from existing and new investors allowed Mainsail to raise the oversubscribed fund in less than 100 days, bringing the total capital commitments raised by the firm to nearly $4 billion.

TPG Buying Digital Infrastructure Company Peppertree For Up To $960 Million

By Amit Chowdhry ● May 13, 2025

TPG (a leading global alternative asset management firm) and Peppertree Capital Management (a leading specialized digital infrastructure investment firm with a focus on wireless communications towers) announced recently that they have entered into a definitive agreement under which TPG will acquire the Peppertree business in a cash and equity transaction estimated to include up to $242 million in cash and up to $418 million in equity, payable at closing, subject to certain adjustments. The deal also includes earnouts based on Peppertree’s future performance, valued at up to $300 million.

InvestBev Signs Eight-Figure Deal With RD1

By Amit Chowdhry ● May 13, 2025

InvestBev, which is the largest private equity firm focused on the adult beverage industry and CPG, announced the closing of an eight-figure financing agreement with Registered Distillery One (RD1), a respected name in the bourbon industry.

Rotunda Capital Partners: Oversubscribed Fund IV Closed At $735 Million

By Amit Chowdhry ● May 13, 2025

Rotunda Capital Partners—an operationally oriented private equity firm focused on industrial businesses—announced the closing of Rotunda Capital Partners Fund IV, L.P., with total capital commitments of $735 million. Fund IV was significantly oversubscribed, closing well above the target of $550 million and the initial hard cap.

Performance Equity: Fifth Fund Closed With $383 Million In Commitments

By Amit Chowdhry ● May 10, 2025

Performance Equity Management (a Sagard partner) announced the final closing of its fifth co-investment fund, Performance Direct Investments V (PDI V), which was above its $300 million target at $383 million. The investors include public and corporate pension plans, university endowments, private foundations, insurance companies, family offices, and ultra-high-net-worth individuals.

Fullscript: Expanded Investment Raised From HGGC And Snapdragon

By Amit Chowdhry ● May 7, 2025

Fullscript, a leading healthcare platform powering whole person care, announced an expanded investment from HGGC (a middle-market private equity firm) and Snapdragon Capital Partners to support the next growth phase.

Birdsboro Power: Strategic Value Partners Acquires Stake In The Facility

By Amit Chowdhry ● May 5, 2025

Strategic Value Partners, an alternative investment firm with about $22 billion of assets under management, announced that its managed funds completed the acquisition of a stake in Birdsboro Power, which is a 485-megawatt natural gas-fired combined-cycle generation facility located in Berks County, Pennsylvania.

Mission Wealth: Strategic Investment Raised From Great Hill Partners

By Amit Chowdhry ● May 5, 2025

Mission Wealth (coinciding with its 25th anniversary) announced a minority investment from Great Hill Partners, a private equity firm that invests in high-growth companies.

Stonepeak Unveils Data Center Company Montera Infrastructure

By Amit Chowdhry ● May 4, 2025

Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, announced Montera Infrastructure's launch, which is a new North American hyperscale-focused data center company with a $1.5 billion equity commitment.

LLR Partners: Seventh Fund Closed At $2.45 Billion

By Amit Chowdhry ● May 4, 2025

Private equity firm LLR Partners announced the final closing of LLR Equity Partners VII, L.P. (LLR 7) at $2.45 billion. LLR 7's capital includes participation by LLR’s Partners and employees. LLR’s prior fund, LLR 6, closed in October 2020 at $1.8 billion, including the General Partner’s commitment.

Ares: Private Markets Fund Surpasses $3 Billion In AUM In 3 Years

By Amit Chowdhry ● May 2, 2025

Ares Management (a leading global alternative investment manager) announced that its Ares Private Markets Fund (APMF), a diversified private equity investment solution anchored in secondary investments, exceeded $3 billion in assets under management in its first three years in the market. APMF is distributed through Ares’ Wealth Management Solutions platform (AWMS), an industry leader in providing private market investment solutions to advisors and their clients.

Dream Games: Strategic Investment Raised From CVC

By Amit Chowdhry ● May 2, 2025

Dream Games, the developer and publisher of globally renowned mobile games Royal Match and Royal Kingdom, announced a strategic investment from CVC, a leading global alternative asset management firm, as its sole equity partner.

Pritzker Alternative Strategies: Differentiated Family Capital Investment Firm Launched

By Amit Chowdhry ● May 2, 2025

Pritzker Alternative Strategies (PAS) announced it has formed a dedicated family capital investment firm for passive investing in high-quality private equity funds. Chaired by Tony Pritzker, PAS allocates Pritzker family capital to often harder-to-access lower and middle-market private equity funds. Guided by the Pritzker family legacy of building businesses, PAS has extensive family and private equity relationships and a proven private market investing track record.

South Wind Exploration & Production: Over $400 Million In Equity Commitments Received From Kayne Anderson

By Amit Chowdhry ● May 1, 2025

South Wind Exploration & Production (a newly formed independent oil and natural gas company) announced it has received over $400 million of equity commitments from Kayne Private Energy Income Fund III, a fund managed by Kayne Anderson Capital Advisors and members of the company’s management team.

Kline Hill Partners: Strategic Minority Investment Raised From TA

By Amit Chowdhry ● Apr 30, 2025

Kline Hill Partners (an investment firm focused on the private equity secondary market) announced a strategic minority investment from leading global private equity firm TA Associates. This partnership will support Kline Hill’s continued specialization at scale, utilizing TA’s deep experience in asset and wealth management.

PlotBox: Strategic Investment Raised From Serent Capital For Funeral Home Platform

By Amit Chowdhry ● Apr 29, 2025

Serent Capital (a growth-focused private equity firm) announced a strategic investment in PlotBox,a leading cloud-based provider of end-to-end cemetery, crematory, and funeral home management solutions.

Sabre To Sell Hospitality Solutions To TPG For $1.1 Billion

By Amit Chowdhry ● Apr 29, 2025

Sabre (a leading technology provider to the global travel industry) and TPG (a global alternative asset management firm) announced the signing of a definitive agreement under which TPG has agreed to acquire Sabre's Hospitality Solutions business for $1.1 billion in cash. TPG will be investing in Hospitality Solutions through TPG Capital, the firm's U.S. and European private equity platform.